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Ord86 1928
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Ord86 1928
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Last modified
10/11/2019 3:13:05 PM
Creation date
10/11/2019 3:12:59 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Ordinance
Date
3/17/1986
Description
1928 MAR 1 '7 1986 AN ORDINANCE ESTABLISHING THE REDWOOD CITY PUBLIC FACILITIES AND INFRASTRUCTURE AUTHORITY, PROVIDING FOR ITS GENERAL AND SPECIAL POWERS, INCLUDING THE POWER TO INCUR INDEBTEDNESS, AND SPECIFYING CERTAIN RIGHTS OF OBLIGEES OF THE AUTHORITY
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<br /> DES:djc 2/28/86 <br /> (b) All engineering, inspection, legal and fiscal <br /> agent's fees, costs of the issuance of the bonds, bond <br /> reserve funds, and bond interest estimated to accrue during <br /> the construction period and for a period of not to exceed 24 <br /> months after completion of construction. <br /> Section 4.38. Interest; Payment From Proceeds of Sale of <br />Bonds. The Authority may provide that interest on bonds issued <br />for the acquisition, construction, or completion of any project <br />may be paid out of the proceeds of the sale of the bonds during <br />the actual construction of the project and for a period of not to <br />exceed two years after completion of actual construction, or for <br />any other reasonably limited period. <br /> Section 4.39. Interest and Principal as Charge Upon <br />Revenues. In the proceedings for the issuance of bonds, the <br />Authority may provide that the principal of and interest on the <br />bonds constitute such charge upon the revenues of any project <br />acquired, constructed or completed from the proceeds of the <br />bonds, or upon other available and specified revenues or funds as <br />may be provided for in such proceedings. <br /> Section 4.40. Temporary Bonds, Certificates, etc. Pending <br />the actual issuance or delivery of bonds, the Authority may issue <br />temporary or interim bonds, certificates, or receipts of any <br />denominations, with or without coupons, to be exchanged for <br />definitive bonds when ready for delivery. <br /> Section 4.4l. Refunding Bonds. The Authority may provide <br />for the issuance, sale or exchange of refunding bonds to redeem <br /> 23 <br /> -.....-- <br />
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